HGM CONSTRUCT
ActiveThe computed 12-month bankruptcy probability of HGM CONSTRUCT is 2.2% (moderate). The 2025 annual accounts show equity of €46k and a net result of €2k. Equity is growing by ~47.2% per year across the filed fiscal years. Its solvency ranks better than 82% of 7431 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability47▼-53
Solvency99▼-1
Growth78=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 3.89 against 4.31 in 2024; short-term debt: 25.5% and cash: 0% of total assets), and 25.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
74.5%
Return on assets
4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
21 d early
2024
12 d late
2023
43 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€46k▲ 5.6%
2024 · €44k
2023: €5k
2024: €44k
2023 → 2025
Total assets
€62k▲ 10.3%
2024 · €56k
2023: €7k
2024: €56k
2023 → 2025
Net result
€2k▼ 93.7%
2024 · €39k
2023: €2k
2024: €39k
2023 → 2025
Working capital
€46k▲ 10.5%
2024 · €41k
2023: €5k
2024: €41k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€5k-€44k▲ 798%€46k▲ 5.6%
Operating result€2k-€49k▲ 1,869%€2k▼ 95.3%
Net result€2k-€39k▲ 1,970%€2k▼ 93.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 95% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €62k
Fixed assets
€500▼ 79.2%
Current assets
€62k▲ 14.2%
Equity and liabilities €62k
Equity
€46k▲ 5.6%
Debt
€16k▲ 26.6%
The debt ratio rises from 22.2% to 25.5%. Equity and debt are higher.
Key figures and ratios
Solvency
74.5%▼
2024 · 77.8%
Current ratio
3.89▼
2024 · 4.31
Quick ratio
3.89▼
2024 · 4.31
Debt / equity
0.34▲
2024 · 0.29
ROE
5.3%▼
2024 · 88.9%
ROA
4.0%▼
2024 · 69.1%
Debt
€16k▲
2024 · €13k
Debt ≤ 1 year
€16k▲
2024 · €13k
Income taxes
€2k▼
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€56k€62k▲
Fixed assets21/28€2k€500▼
Tangible fixed assets22/27€2k-
Furniture and vehicles24€2k-
Financial fixed assets28-€500
Current assets29/58€54k€62k▲
Amounts receivable within one year40/41€46k€61k▲
Trade receivables40-€2k
Other amounts receivable41€46k€59k▲
Cash at bank and in hand54/58€7k€0▼
Deferred charges and accrued income490/1€1k€940▼
Equity and liabilities
Total equity and liabilities10/49€56k€62k▲
Equity10/15€44k€46k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€41k€43k▲
Amounts payable17/49€13k€16k▲
Amounts payable within one year42/48€13k€16k▲
Financial debts43-€721
Other loans439-€721
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€11k€14k▲
Taxes450/3€11k€14k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k-
Provisions for liabilities and charges: additions (uses and reversals)635/8€4k-
Other operating charges640/8€569€832▲
Non-recurring operating charges66A-€334
Gross operating margin9900€56k€3k▼
Operating profit (loss)9901€49k€2k▼
Financial income75/76B€1k€3k▲
Recurring financial income75€1k€3k▲
Financial charges65/66B€412€136▼
Recurring financial charges65€412€136▼
Profit (loss) for the period before taxes9903€50k€5k▼
Income taxes67/77€11k€2k▼
Profit (loss) for the period9904€39k€2k▼
Profit (loss) for the period to be appropriated9905€39k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€41k€43k▲
Profit (loss) brought forward from the previous period14P€2k€41k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
31-12
Financial
Highest result since 2023net €39k ▲1970%
Operating result €49k, net result €39k, both a record.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Pieters-Leeuw · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bergensesteenweg 241600 Sint-Pieters-LeeuwGround area
1,943 m²
Building footprint
571 m²
Volume, LiDAR
4,757 m³
2 parcels, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HGM CONSTRUCT
since 20232.345.002.714
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23077A0118/00W082 | Flanders | 1,638 m² | 1 · 398 m² | 9.5 m · 3 fl. |
| 23084A0196/00H000 | Flanders | 305 m² | 1 · 173 m² | 10.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BE 0741.682.289
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BE 0761.659.341
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TOITURE DERAU
BE 1010.159.780
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MHA +
BE 0793.358.644
Halle · Eq €46k
Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 13,015 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-05-2023
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.